EX-99.1 2 historicalfinancialinforma.htm EX-99.1

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Exhibit 99.1

HAWKINS, INC.

HISTORICAL FINANCIAL INFORMATION

ALIGNED TO NEW REPORTING SEGMENTS

CHANGE IN REPORTING SEGMENTS

Effective beginning with the first quarter of fiscal 2026, we realigned our reporting segments to reflect organizational changes made and to reflect the way we manage our operations and allocate resources. We believe this realignment better reflects the value our company provides to our customers and our evolution from a bulk commodity distributor into a specialty ingredients company.

Formerly, our segments were:

-Water Treatment

-Industrial

-Health & Nutrition

Our new, realigned segments are:

-Water Treatment

oSpecializes in providing chemicals, products, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water and agricultural water. This segment has the resources and flexibility to treat systems ranging in size from a single small well to a multi-million-gallon-per-day facility.

-Food & Health Sciences

oSpecializes in processing and formulation solutions as well as ingredient distribution to manufacturers in the nutrition, pharmaceutical, food, and agricultural markets. This segment offers a diverse product portfolio including base chemistry, acid based reactions, minerals, vitamins and amino acids, excipients, botanicals and herbs, sweeteners and enzymes, fertilizers, and food-grade and pharmaceutical salts and ingredients.

-Industrial Solutions

oSpecializes in providing industrial chemicals, products and services to industries such as industrial manufacturing, chemical processing, electronics, energy, plating, and surface finishing. This segment’s principal products are acids and alkalis.

There is no change in how the Water Treatment segment is managed. The Food and Health Sciences segment includes our Nutrition, Food, Agriculture, and Pharmaceutical businesses. Food, Agriculture, and Pharmaceutical had previously been included within the Industrial reporting segment.

The slides that follow show the as-reported numbers of the former structure as well as the historical financial information aligned to the new reporting structure, as if it had been in place for the past 5 years

HISTORICAL ANNUAL FINANCIAL INFORMATION ALIGNED TO NEW REPORTING SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Fiscal 2025
Sales			$446,489			$382,487			$145,455			$974,431						$446,489			$322,560			$205,382			$974,431
Gross Profit			121,609			72,601			31,328			225,538						121,833			71,918			31,787			225,538
Selling, General & Administrative Expenses			61,993			27,540			16,831			106,364						62,100			30,787			13,477			106,364
Operating Income			$59,616			$45,061			$14,497			$119,174						$59,733			$41,131			$18,310			$119,174
Fiscal 2024
Sales			$363,289			$409,465			$146,408			$919,162						$363,289			$334,558			$221,315			$919,162
Gross Profit			98,498			67,545			27,593			193,636						99,051			67,572			27,013			193,636
Selling, General & Administrative Expenses			45,286			28,316			15,998			89,600						46,239			30,618			12,743			89,600
Operating Income			$53,212			$39,229			$11,595			$104,036						$52,812			$36,954			$14,270			$104,036

HISTORICAL ANNUAL FINANCIAL INFORMATION ALIGNED TO NEW REPORTING

SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Fiscal 2023
Sales			$304,925			$470,760			$159,413			$935,098						$304,925			$351,382			$278,791			$935,098
Gross Profit			67,208			68,115			29,796			165,119						68,294			65,428			31,397			165,119
Selling, General & Administrative Expenses			35,734			25,703			15,532			76,969						37,584			27,384			12,001			76,969
Operating Income			$31,474			$42,412			$14,264			$88,150						$30,710			$38,044			$19,396			$88,150
Fiscal 2022
Sales			$228,133			$386,938			$159,470			$774,541						$228,133			$327,182			$219,226			$774,541
Gross Profit			54,571			59,606			32,343			146,520						55,182			60,846			30,492			146,520
Selling, General & Administrative Expenses			31,357			28,127			15,842			75,326						32,277			27,783			15,266			75,326
Operating Income			$23,214			$31,479			$16,501			$71,194						$22,905			$33,063			$15,226			$71,194

HISTORICAL ANNUAL FINANCIAL INFORMATION ALIGNED TO NEW REPORTING SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Fiscal 2021
Sales			$170,004			$273,361			$153,506			$596,871						$170,004			$272,971			$153,896			$596,871
Gross Profit			46,793			43,337			33,632			123,762						46,500			55,881			21,381			123,762
Selling, General & Administrative Expenses			24,453			27,033			16,398			67,884						25,033			28,842			14,009			67,884
Operating Income			$22,340			$16,304			$17,234			$55,878						$21,467			$27,039			$7,372			$55,878

HISTORICAL QUARTERLY FINANCIAL INFORMATION ALIGNED TO NEW REPORTING SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
FISCAL 2025			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Q1
Sales			$117,176			$103,202			$35,501			$255,879						$117,176			$85,093			$53,610			$255,879
Gross Profit			34,955			21,876			7,824			64,655						35,208			19,903			9,544			64,655
Selling, General & Administrative Expenses			14,166			6,639			4,059			24,864						14,079			7,365			3,420			24,864
Operating Income			$20,789			$15,237			$3,765			$39,791						$21,129			$12,538			$6,124			$39,791
Q2
Sales			$124,528			$89,936			$32,565			$247,029						$124,528			$71,402			$51,099			$247,029
Gross Profit			35,590			18,268			6,364			60,222						35,928			16,0065			8,229			60,222
Selling, General & Administrative Expenses			15,512			6,952			4,013			26,477						15,638			7,523			3,316			26,477
Operating Income			$20,078			$11,316			$2,351			$33,745						$20,290			$8,542			$4,913			$33,745

HISTORICAL QUARTERLY FINANCIAL INFORMATION ALIGNED TO NEW REPORTING

SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
FISCAL 2025			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Q3
Sales			$99,752			$91,997			$34,456			$226,205						$99,752			$77,730			$48,723			$226,205
Gross Profit			26,027			15,180			7,217			48,424						25,856			16,289			6,279			48,424
Selling, General & Administrative Expenses			16,054			7,058			4,249			27,361						16,058			7,761			3,542			27,361
Operating Income			$9,973			$8,122			$2,968			$21,063						$9,798			$8,528			$2,737			$21,063
Q4
Sales			$105,033			$97,352			$42,933			$245,318						$105,033			$88,335			$51,950			$245,318
Gross Profit			25,037			17,277			9,923			52,237						24,841			19,661			7,735			52,237
Selling, General & Administrative Expenses			16,261			6,891			4,510			27,662						16,325			8,138			3,199			27,662
Operating Income			$8,776			$10,386			$5,413			$24,575						$8,516			$11,523			$4,536			$24,575

HISTORICAL QUARTERLY FINANCIAL INFORMATION ALIGNED TO NEW REPORTING SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
FISCAL 2024			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Q1
Sales			$93,651			$120,873			$36,596			$251,120						$93,651			$93,520			$63,949			$251,120
Gross Profit			26,408			19,306			6,277			51,991						26,673			18,886			6,432			51,991
Selling, General & Administrative Expenses			9,126			6,575			3,803			19,504						9,323			7,158			3,022			19,503
Operating Income			$17,282			$12,731			$2,474			$32,487						$17,350			$11,728			$3,410			$32,488
Q2
Sales			$100,925			$98,535			$37,066			$236,526						$100,925			$79,512			$56,089			$236,526
Gross Profit			29,308			17,844			6,734			53,886						29,516			17,491			6,878			53,885
Selling, General & Administrative Expenses			10,145			6,806			3,944			20,895						10,370			7,470			3,054			20,894
Operating Income			$19,163			$11,038			$2,790			$32,991						$19,146			$10,021			$3,824			$32,991

HISTORICAL QUARTERLY FINANCIAL INFORMATION ALIGNED TO NEW REPORTING

SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
FISCAL 2024			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Q3
Sales			$82,019			$92,990			$33,487			$208,496						$82,019			$75,863			$50,614			$208,496
Gross Profit			20,241			16,495			5,512			42,248						20,391			15,671			6,186			42,248
Selling, General & Administrative Expenses			12,470			7,292			4,012			23,774						12,729			7,753			3,293			23,775
Operating Income			$7,771			$9,203			$1,500			$18,474						$7,662			$7,918			$2,893			$18,473
Q4
Sales			$86,694			$97,067			$39,259			$223,020						$86,694			$85,665			$50,661			$223,020
Gross Profit			22,541			13,900			9,070			45,511						22,471			15,524			7,517			45,512
Selling, General & Administrative Expenses			13,545			7,643			4,239			25,427						13,817			8,237			3,374			25,428
Operating Income			$8,996			$6,257			$4,831			$20,084						$8,654			$7,287			$4,143			$20,084

HISTORICAL QUARTERLY FINANCIAL INFORMATION ALIGNED TO NEW REPORTING SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
FISCAL 2023			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Q1
Sales			$78,490			$124,710			$43,343			$246,543						$78,490			$95,161			$72,892			$246,543
Gross Profit			18,953			20,009			7,787			46,749						19,370			16,918			10,461			46,749
Selling, General & Administrative Expenses			8,701			6,385			3,799			18,885						9,150			6,327			3,408			18,885
Operating Income			$10,252			$13,624			$3,988			$27,864						$10,220			$10,591			$7,053			$27,864
Q2
Sales			$86,488			$113,939			$40,765			$241,192						$86,488			$81,138			$73,566			$241,192
Gross Profit			20,504			17,713			8,157			46,374						20,878			16,654			8,842			46,374
Selling, General & Administrative Expenses			9,082			6,891			3,865			19,838						9,547			6,662			3,629			19,838
Operating Income			$11,422			$10,822			$4,292			$26,536						$11,331			$9,992			$5,213			$26,536

HISTORICAL QUARTERLY FINANCIAL INFORMATION ALIGNED TO NEW REPORTING SEGMENTS

			FORMER STRUCTURE															NEW STRUCTURE
FISCAL 2023			Water Treatment			Industrial			Health & Nutrition			Total						Water Treatment			Food & Health Sciences			Industrial Solutions			Total
Q3
Sales			$68,549			$114,436			$36,233			$219,218						$68,549			$83,644			$67,025			$219,218
Gross Profit			13,268			15,994			7,009			36,271						13,454			15,339			7,478			36,271
Selling, General & Administrative Expenses			9,003			7,978			4,023			21,004						9,493			7,175			4,336			21,004
Operating Income			$4,265			$8,016			$2,986			$15,267						$3,961			$8,164			$3,142			$15,267
Q4
Sales			$71,398			$117,675			$39,072			$228,145						$71,398			$91,439			$65,308			$228,145
Gross Profit			14,483			14,399			6,843			35,725						14,592			16,517			4,616			35,725
Selling, General & Administrative Expenses			8,948			4,449			3,845			17,242						9,394			7,220			628			17,242
Operating Income			$5,535			$9,950			$2,998			$18,483						$5,198			$9,297			$3,988			$18,483